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What is Defend Trade Secrets Act mean?
The Defend Trade Secrets Act of 2016 (DTSA) (Pub.L. 114–153 (text) (pdf), 130 Stat. 376, enacted May 11, 2016, codified at 18 U.S.C. § 1836, et seq.) is a United States federal law that allows an owner of a trade secret to sue in federal court when its trade secrets have been misappropriated. The act was signed into law by President Barack Obama on May 11, 2016. It underscored Congress’s desire to align closely with the Uniform Trade Secrets Act, which had been adopted in some form in almost every U.S. state. Technically, the DTSA extended the Economic Espionage Act of 1996, which criminalizes certain trade secret misappropriations.
The law also grants legal immunity to corporate whistleblowers.
After the DTSA's passage by the Senate, Forbes magazine called the law the "Biggest Development in [Intellectual Property] in Years".
reference| Full Form | Category |
|---|---|
| Defense Technology Security Administration | Business |
| Defend Trade Secrets Act | Governmental |
Posted on 22 Sep 2024, this text provides information on Miscellaneous in Governmental related to Governmental. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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